Question Completion Status: QUESTION 5 Ann got a 30 year Fully Amortizing FRM for $1,000,000 at an annual interest rate of 6% compounded monthly, with monthly payments. After 5 years of payments, Ann can refinance the balance into a 25 year Fully Amortizing FRM at an annual interest rate of 4% compounded monthly, with monthly payments, Refinancing will cost Ann 1 point and $1,500 in closing costs. If Ann refinances into this loan and makes payments for 25 years, what will be her annualized IRR from refinancing? O A. 113.09% B. 120.36% C. 10.03% OD. 130.05% QUESTION 6 Jim has an annual income of $300,000. Jim is looking to buy a house with monthly property taxes of $1200 and monthly homeowner's insurance of $300. Jim has $1,500 in monthly student loan payments and an average monthly credit card bill of $1,000. Apple bank has a maximum front end DTI limit of 28% and a maximum back end DTI limit of 36%. Considering both the front end DTI limit and the back end DTI limit, what is the most they will allow Jim to spend on a monthly mortgage payment? O A $5,500.00 O B. $7,000.00 O c$82,500.00 O D.$5,000.00 QUESTION 7 Sam bought a house that costs $1,000,000. Sam got a 97% LTV loan The lender demanded that Sam buy private mortgage insurance to insure the portion of the loan aver 80% LTV. Suppose 5 years later, Sam's mortgage balance is 5900,000. However Sam defaults and his house sells for $750,000 in a foreclosure auction. How much will the mortgage insurance company pay Sam's lender? O A $220,000.00 O B. $170,000.00 OC5150,000.00 O D.5250,000.00 Click Save and Submit to save and submit. Click Save All Answers to save all answers EE Type here to search O QUESTIONS Aanya 30 wym 51.000 de euros anuance the new year Fly ARM to come with friends Access and make your el beter med en andre? ON CON On OM QUESTION Jasname 30. marta 1200 und 1.600 www da Bahasa da Condendo do they wow. mo A. OILS DC500.00 Dosh.com QUESTION San Tematy w OSUV AD OCH